New onSeries data selected The activity surrounding Binance’s consolidation transactions. As noted, the latest Package of These transactions has undergone a Replacement Fee Shift (RBF), escalating from 13.5 sats/vb to 56.4 sats/vb.
Although these transactions failed to signal Possible replacement of BIP125,” indicating that Binance, the world’s largest exchange, can run the Full-RBF Peering Bitcoin core advocated by Peter Todd.
RBF is a standard file protocol in the Bitcoin network. Allow the sender to increase fees for Unconfirmed transactions.
the latest batch of Binance consolidation transactions was replaced-by-fee from 13.5 to 56.4 sats/vb, despite failing to signal BIP125 replaceability.
is Binance running @peterktodd's Full-RBF Peering Bitcoin Core?
or have they simply made a deal with a mining pool? pic.twitter.com/JzztJ2P7ro
— mononaut (@mononautical) June 1, 2023
Are you using Binance Bitcoin Core from Peter Todd’s Full-RBF?
Peter Todd, one of the famous Bitcoin cores developers favor for His contributions to the replacement transaction policy particularly the “full RBF” that allows Replace unconfirmed transactions with a new practical version that pays higher expenses.
With this coming to light, Binance may have agreed with a specific mining pool to effect This change.
Mining pools It seems to be mining; the transactions are AntPool and F2Pool, with Blocks 792,440 and 792,442 attributed to the former, And block 792448 is associated with the latter.
Bitcoin Core v25.0 update
Binance with Release of Bitcoin Core v25.0 on May 26th.
Promoted version brings a fortune of new features and bug fixes that promise user improvement experience.
Binance may be investing in improvements of this updated version, particularly about transaction processing and mining pool jobs, or modifications to fee policies.
— Bitcoin Core Project (@bitcoincoreorg) May 26, 2023
Moreover, the new Bitcoin Core update is contained changes to RBF policies. This raises the possibility that Binance’s current Transactions are test runs of the new rbf jobs.
Full rbf policy previously mentioned in This context may be one of the aspects affected by this update. The community waits for full impact of Bitcoin Core 25.0 on Bitcoin in the general network.